Crocs Holiday Gift Guide
The holiday season is upon us again, and you know what that means; gift shopping madness. Everyone is out searching for that perfect present, because let’s face it; there is nothing better than giving a gift that makes your loved one jump with joy. But sometimes that is much easier said than done. Luckily, Crocs has put together a holiday gift guide to help you out a little.

We feature the best gifts for the special guy or girl in your life, your little ones, and unbeatable deals and sales. You can also purchase Crocs gift cards to give the gift of choice this holiday season.

Looking for a little more inspiration? Head over to our Pinterest page for some great ideas and some holiday cheer!

Crocs Cares is on a mission to provide durable, comfortable shoes to people around the world. Since 2007, Crocs Cares has donated over 3 million pairs of shoes in more than 40 countries to people that need help. Our team has also donated to active duty military and veterans, victims of natural disasters, and even people who just want to make a difference in their community.This year, we focused our efforts on the disaster that hit in our own backyard.

In September, massive flooding across Colorado destroyed thousands of homes, including those of some our own employees. Crocs Cares decided to not only donate boots to evacuees in need, but to raise money, volunteer, and help put Colorado back together.

Crocs employees spent 100 hours plus volunteering in the field, cleaning up the debris and clearing the roads. Crocs Cares also raised about 40,000 dollars for relief efforts through a special sale on Crocs.com and employee donations.

Crocs has also partnered with Soles for Souls, an organization that allows anyone to recycle Crocs they aren’t wearing anymore and give them to those in need. There are stores all over the country that accept donations, and if you are interested, you can find the one closest to you here (hyperlinked) donate your Crocs

Who can resist a perfect pair of boots? Leather boots are a staple this season for fall and winter looks, and our A-Leigh’s are a perfect addition to any wardrobe. You can dress them up, dress them down, wear them to work or for a night out, and the best part is they’re lightweight (clunky boots are no fun). Our CrocStyle Insiders find ways to keep us inspired this season.

Dressing up when it’s freezing:

Once it gets cold outside it seems like everyone is bundled up and dressed down, but as our CrocStyle insider Lilliana Vazquez points out, sometimes a fun dress is just what you need to keep the cold weather blues away. She pairs the A-Leigh Leather Boots with whimsical printed dress and an ultra-stylish faux-fur vest for a pretty, dressier winter look.

Creating an easy look for going out:

Scarves are one of the best go to accessories out there, especially in the winter time. Adding a scarf is a quick, easy way to transform any outfit, no matter how basic. As a mom of five, CrocStyle Insider Audrey McClelland is constantly on the go, but still manages to look great. To get a polished, yet easy look, she sticks with the classic skinny jean-leather boot combo, adds a bright sweater, and tops it off with a patterned scarf for some extra detail.

Polished Casual:

Mixing trends is a great way to update your look for winter. Jenn Rager from theStylishHousewife.com pairs a structured military jacket with a flowy embellished top to balance the look. Her distressed jeans keep the outfit casual, and she tops it off with the wearable, yet polished A-Leigh leather boots.

We’ve seen the news report on MSN Money concerning an offensive ad that references the Crocs brand. It is not an authentic Crocs ad. We’re very concerned by it, because it does not reflect our company values as a global lifestyle brand.

No one at Crocs is familiar with this ad; no one at Crocs authorized its creation or appearance. We are committed to portraying the Crocs brand in a positive and respectful manner.

Looking for Father’s Day gift ideas? Our very own Hank Haney’s got you covered:

Karlson
• The newest addition to the Crocs Golf with Hank Haney collection is the Karlson. This new lightweight golf shoe is supremely comfortable and versatile enough to go from tee to green to clubhouse to home.

Men’s Beach Line
• The new Beach Line Boat Shoe will help dad rock the boat on land or on water this summer. Available in a variety of fun colors, these boat shoes are incredibly light and comfortable with a grippy sole to provide increased traction.

Walu
• For the stylish dads in your life, the Men’s Walu is a great option. The Walu provides all-day comfort, rain or shine, with ventilation side ports for enhanced breathability to help beat the summer heat.

•Built with style, comfort and durability in mind, the new Ocean Minded™ Scorpion Leather is your go-to sandal for every Summer wardrobe.
•Native to sandy, rugged terrain, the new Ocean Minded™ Scorpion Leather sandal was designed to endure your many summer expeditions in comfort and style

Be fun(ky).

The Crocs Retro Era has arrived. Crocs Retro takes you back– moves you forward. With its lower profile and track-inspired design, Crocs Retro re-kindles the spirit and fun of the original clog. Inspired by 70s-era running shoes, Crocs Retro features a herringbone rubber outsole and sidewall stripes to make you smile. The best part? You still get the same Crocs feeling inside!

Company Reports Earnings Per Diluted Share of $0.49 and Record Third Quarter Revenue of $295.6 million

NIWOT, Colo.–(BUSINESS WIRE)–Crocs Inc. (NASDAQ: CROX) reported today financial results for the third quarter ended September 30, 2012. Revenue for the third quarter of 2012 increased 7.5% to $295.6 million compared with revenue of $274.9 million reported in the third quarter of 2011. Net income for the third quarter of 2012 was $45.1 million, or $0.49 per diluted share, compared with net income of $30.2 million, or $0.33 per diluted share, in the third quarter of 2011.

“We saw exceptional growth in third quarter of 2012 pre-books as our wholesale customers accelerated their order books to secure sourcing for spring summer deliveries of our hottest new products for 2013, which include the huarache, molded boat shoes, and our women’s wedge line.”

From a channel perspective, wholesale sales increased 1.5% to $156.2 million compared with sales of $154.0 million in the third quarter of 2011. Internet sales increased 6.0% to $27.1 million compared with sales of $25.6 million in the third quarter of 2011. Retail sales increased 17.7% to $112.2 million compared with sales of $95.3 million in the third quarter of 2011. The company ended the quarter with 499 retail store locations compared with 410 locations a year ago. Global same store sales for the third quarter of 2012 increased 1.0% on a currency neutral basis, as the Americas increased 5.5%, Europe increased 0.9%, and Asia declined 6.3%.

Sales growth during the quarter was driven by strength in the Americas and Asia. Geographically, revenue increased 7.4% for the Americas, 11.3% for Asia and decreased 2.9% for Europe. On a constant currency basis, revenue increased 8.6% for the Americas, 13.0% for Asia, 7.3% for Europe, and 10.3% globally.

“Our revenue growth during the third quarter reflects the benefit of balanced distribution channels globally. Our direct to consumer channel in the Americas increased 12% on year-over-year basis, highlighted by a mid single digit same store sales gain, and our expanded presence in Asia resulted in a direct to consumer sales increase of 17% in that region,” said John McCarvel, President and Chief Executive Officer. “Our Americas and Asia performance helped to more than offset weakness in the European market, where challenging macroeconomic conditions and foreign currency exchange rate fluctuations continue to pressure our results. At the same time, we haven’t been fully immune to some of the recent choppiness in Asia, particularly in Japan, where consumer demand slowed as the third quarter progressed. Despite the economic headwinds we faced during quarter, we continued to grow the business and make strategic progress toward our long-term goal of evolving Crocs into a four-season brand. For the spring summer 2013 season our wholesale pre-books have been strong. We are excited about the prospects for 2013 as enthusiasm for our products continues to grow and our opportunities globally expand.”

Margins

Gross profit for the third quarter of 2012 increased 9.2% to $160.7 million, or 54.4% as a percentage of sales, from $147.2 million, or 53.5% as a percentage of sales in the same period last year. Selling, General, & Administrative expenses (SG&A) increased 8.1% to $120.7 million versus $111.7 million a year ago. As a percentage of sales, SG&A was 40.8% compared with 40.6% in the third quarter of 2011.

Balance Sheet

Cash and cash equivalents at September 30, 2012 increased 41.8% to $312.6 million compared to $220.4 million at September 30, 2011. Inventories at September 30, 2012 were $187.5 million, up 24.1% compared to inventories at September 30, 2011 of $151.1 million. Inventory levels during the third quarter of 2012 were partially driven by the 22% increase in retail store locations in the quarter and the need for additional inventory for the 35 to 40 new store openings planned for the fourth quarter of 2012.

Backlog

Backlog at September 30, 2012 increased 33.2% to $395.4 million compared with backlog of $296.8 million at September 30, 2011. John McCarvel continued “We saw exceptional growth in third quarter of 2012 pre-books as our wholesale customers accelerated their order books to secure sourcing for spring summer deliveries of our hottest new products for 2013, which include the huarache, molded boat shoes, and our women’s wedge line.”

Income Taxes

For the quarter, the company recorded a non-recurring tax benefit of $11.4 million due to a reversal of certain tax provisions and the release of certain valuation allowances associated with deferred tax assets.

Guidance

For the fourth quarter of 2012, the Company expects break-even diluted earnings per share on revenue of $220 million.

Conference Call Information

A conference call to discuss Crocs’ 2012 third quarter financial results is scheduled for today (October 24, 2012) at 5:00 PM Eastern Time. A webcast of the call will take place simultaneously and can be accessed by clicking the ‘Investor Relations’ link under the Company section on www.crocs.com or at www.earnings.com. To listen to the broadcast, your computer must have Windows Media Player installed. If you do not have Windows Media Player, go to www.earnings.com prior to the call, where you can download the software for free.

About Crocs, Inc.

Celebrating its 10th anniversary in 2012, Crocs, Inc. is a world leader in innovative casual footwear for men, women and children. Crocs offers several distinct shoe collections with more than 300 four-season footwear styles. All Crocs™ shoes feature Croslite™ material, a proprietary, revolutionary technology that gives each pair of shoes the soft, comfortable, lightweight, non-marking and odor-resistant qualities that Crocs fans know and love. Crocs fans “Get Crocs Inside” every pair of shoes, from the iconic clog to new sneakers, sandals, boots and heels. Since its inception in 2002, Crocs has sold more than 200 million pairs of shoes in more than 90 countries around the world. The brand celebrated reaching $1 billion in annual sales in 2011.

The matters regarding the future discussed in this news release include “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include, butare not limited to, statements regarding future revenue and earnings, backlog, future orders, prospects and product pipeline. These statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements to be materially different from any future results, performances, or achievements expressed or implied by the forward-looking statements. These risks and uncertainties include, but are not limited to, the following: macroeconomic issues, including, but not limited to, the current global financial conditions; the effect of competition in our industry; our ability to effectively manage our future growth or declines in revenue; changing fashion trends; our ability to maintain and expand revenues and gross margin; our ability toaccurately forecast consumer demand for our products; our ability to develop and sell new products; our ability to obtain and protect intellectual property rights;the effect of potential adverse currency exchange rate fluctuations and other international operating risks; our ability to open and operate additional retail locations; and other factors described in our most recent annual report on Form 10-K under the heading “Risk Factors” and our subsequent filings with the Securities and Exchange Commission. Readers are encouraged to review that section and all other disclosures appearing in our filings with the Securities and Exchange Commission. We do not undertake any obligation to update publicly any forward-looking statements, including, without limitation, any estimate regarding revenues or earnings, whether as a result of the receipt of new information, future events, or otherwise.

NIWOT, Colo.–(BUSINESS WIRE)–Crocs, Inc. (NASDAQ:CROX) today announced that it will release the results of its third quarter ended September 30, 2012 on Wednesday, October 24, 2012 at approximately 4:00 p.m. Eastern Time. At 5:00 p.m. Eastern Time that same day, the Company will host a conference call to discuss these results. The live broadcast will be available by clicking the ‘Investor Relations’ link under the Company section on www.crocs.com and at www.earnings.com. An audio replay of the webcast will be available on the Crocs website for one year.

Interested parties are advised to log on to the live webcast at least fifteen minutes prior to the call in order to download the necessary software.

About Crocs, Inc.

Celebrating its 10th anniversary in 2012, Crocs, Inc. is a world leader in innovative casual footwear for men, women and children. Crocs offers several distinct shoe collections with more than 300 four-season footwear styles. All Crocs™ shoes feature Croslite™ material, a proprietary, revolutionary technology that gives each pair of shoes the soft, comfortable, lightweight, non-marking and odor-resistant qualities that Crocs fans know and love. Crocs fans “Get Crocs Inside” every pair of shoes, from the iconic clog to new sneakers, sandals, boots and heels. Since its inception in 2002, Crocs has sold more than 200 million pairs of shoes in more than 90 countries around the world. The brand celebrated reaching $1 billion in annual sales in 2011.